Alvin Roth (left) and Lloyd Shapley were awarded the 2012 Nobel Prize for Economics. Prices are often the easiest way to create an efficient market–the person willing to pay the most gets the thing ...

Work that showed how to find optimal matches between people or institutions ‘trading’ in commodities that money can’t buy — such as student places at universities, say, or donated organs — has won the ...

“They’ve been talked about as likely winners for a long time now, so it’s not really a huge surprise they’ve been chosen,” Princeton economics professor Dilip Abreu GS ’83 said. “It was a matter of ...

NEW YORK — Lloyd S. Shapley, who shared the 2012 Nobel Memorial Prize in Economic Sciences for work on game theory that has been used to study subjects as diverse as matching couples and allocating ...

According to blogger ncube, the often-ridiculed, gossip-filled show actually focuses on the Gale-Shapley algorithm - meaning that whatever preferences men or women have, there will always be a stable ...